April 3, 2008

Unrealized Losses on Investment Securities for the Fiscal Year Ended March 31, 2008

We hereby announce that we will be reporting impairment losses on certain securities
classified as “other securities” for the fiscal year ended March 31, 2008, due to material
falls in their fair value, outlined as follows.

1. Total Unrealized Loss on Investment Securities for the Fiscal Year Ended
March 31, 2008
Consolidated
(A) Total unrealized loss on investment securities for fiscal year
ended March 31, 2008*
1,723 million yen
(B) Net assets for fiscal year ended March 31, 2007 (A/B×100)
33,699 million yen
(5.1%)
(C) Ordinary income for fiscal year ended March 31, 2007
(A/C×100)
7,814 million yen
(22.1%)
(D) Net income for fiscal year ended March 31, 2007 (A/D
×100)
3,063 million yen
(56.3%)

Non-consolidated
(A) Total unrealized loss on investment securities for fiscal year
ended March 31, 2008*
1,552 million yen
(B) Net assets for fiscal year ended March 31, 2007 (A/B×100)
21,343 million yen
(7.3%)
(C) Ordinary income for fiscal year ended March 31, 2007
(A/C×100)
5,818 million yen
(26.7%)
(D) Net income for fiscal year ended March 31, 2007 (A/D×100)
4,913 million yen
(31.6%)
* Total unrealized loss on investment securities is the sum of unrealized losses on
investment securities that were reported for the nine months ended December 31, 2007
(203 million yen on a consolidated basis and 32 million yen on a non-consolidated one)
and those on listed stocks in the investment securities category whose market prices
deteriorated materially as of March 31, 2008.
(Note: The company’s fiscal year ends on March 31 each year.)

2. Outlook
The forecast for the fiscal year ended March 2008 is currently being examined and will
be announced when it has been confirmed.

Contact: Avex Group Holdings Inc.
Investors & Public Relations Room
+81-3-5413-8508